The price of the parity has already reached our target at 0.6720 level and then bounced it off. Now, as long as the price continues its downward movement, our next target will be the level of the reversed head & shoulders base at 0.6600. If the price crosses that level to the down, it will re-test 0.6540 level. 0.6720 remains as our target in the case of the...
In the 8-hour time frame, we can observe small descending channel formation and the upside movement inside of it. As the movement continues, 1.6150 and then the upper band at 1.6200 will be out targets. We need to be aware that in long-term, it might be a correction move following the first impulse. In the case of the decline, 50.0 Fibonacci retracements at...
The parity is forming a channel and right now we observe a downward movement with a price consolidation, just below the trend line. There is a high chance we will see break out soon. If the price breaks out to the up, the upper band in the vicinity of 2.0080 level will be the target. The break out to the down, will press the price towards 1.9560 and then 1.9490 levels.
Platinum’s price has left the big channel formation and it is treating its upper band as a support. If the price bounces the lower band of the smaller formation (blue) to the up, it will test fist 833 level and soar further. If the price retraces to the big formation, 798 and 788 will be the support.
The price bounced off the lower band of the channel and now it is going to test 12 100 – 12 150 area and then the vicinity of 12 400 level. In long-term, the upper band of the channel formation will be our target.
At this moment the price of the parity is testing the lower line of the correction. As long as it stays above that level, in short-term it will reach 1.9800 level. But if it pierces correction base to the down, 1.9550 – 1.9570 area will be the target. In the big picture, we can see that the correction is placed inside of the big channel formation. If the price...
The price of the parity has crossed the wedge formation to the up but since it was a false break out, it has returned to the formation. As the downward movement continues, 1.7220 and then 1.7130 be our next target to watch.
As the parity price has plunged due to the fundamental factors, we need to determinate new downside levels to test. The current level is a long-term support level, from which the price bounces off. If the downside bias continues, 1.1520 level will be targeted. If the parity price retraces, 1.1630 and then 1.1660 will be the next levels to reach in short-term....
The price bounced off the resistance level and broke the wedge formation to the up, creating a head and shoulders. In this situation, we will focus at 0.6720 level as our new target.
Gold price broke the previous triangle to the down, in accordance with our presumptions. 1194 level occurred to be too strong support for the price to break it to the down. In this case, the mentioned level becomes a base/leg of the newly forming triangle. Once the gold reaches the tip of that triangle, we will see the next break out, this time most likely to the...
The oil price has completed its corrective movement and now we see the second impulse movement. The price is testing the previous top level right now. If it bounces it off to the down, it will create a double top and then 78.80 level would be the bottom of the formation. In the event of further rise, we will aim the vicinity of 85.30 level first. But if the price...
The parity price is testing right now the upper band of the descending channel formation. If the price decides to stay inside of the formation, it means the bounce off to 100-moving averages at 145.80 and then to 145.00 level. If the sterling is strong enough to press yen, the price will jump over the band and reaches 147.70 level and then 148.60 – 148.80 area.
The short-term review: the price is breaking the triangle formation to the down. In this case, we can count on confident downward price move towards the lower band of the wedge formation with 1193 level as a firm support.
The parity price is testing right now a strong resistance area at 1.1720 – 1.1740. If the price breaks that area to the up, 1.1780 and 1.1840 will be our next targets. On the other hand, the price might break out a forming ascending triangle to the down after reaching triangle's tip.
The price went sharply down after the false break out from the bigger formation of declining channel. At this moment it is testing 177 – 179 area. If the price drops further, 167 and then 148 will be the support regions. In the case the price retraces the fall, we will consider the retracement to the previous top level.
As the Ethereum price couldn’t pierce strong 195 level, barely touching it, we expect it now to retrace until it reaches 210– the crucial level for the further movement: in long-term further climb will bring the price to the upper band of the rising channel at 227. If the price bounces off 210 to the down, we will watch it fall again to 195 level.
Silver price broke the triangle formation to the down and at this moment it is testing 13.75 – 14.00 range. Once it bounces off that level, it will retrace to 14.50 and then 14.80 levels. If the price breaks the tested area to the down, it will reach 13.50 and 13.20 levels.
The price has reached the upper band of the declining channel and broke the small uptrend at the same time, so now we expect it to bounce the current level off and aim the vicinity 0.7020 level. Then it will bounce again to the up. This kind of part will last for a while.